Ad-hoc: TLG IMMOBILIEN AG adjusts forecast for Funds From Operations 2020

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TLG IMMOBILIEN AG / Key word(s): Real Estate/Change in Forecast
Ad-hoc: TLG IMMOBILIEN AG adjusts forecast for Funds From Operations 2020

25-Nov-2020 / 18:27 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

AD-HOC ANNOUNCEMENT

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Disclosure of an inside information acc. to Art. 17 Sec. 1 of the Regulation (EU) No. 596/2014 (Market Abuse Regulation - MAR)

Ad-hoc: TLG IMMOBILIEN AG adjusts forecast for Funds From Operations 2020

Berlin, Germany, November 25, 2020 - In today's meeting, the Management Board of TLG IMMOBILIEN AG (ISIN DE000A12B8Z4 / WKN A12B8Z) has reviewed the assessment of the expected Funds From Operations for the year 2020 and assumes that it will be below the previously expected range of EUR 153 million to EUR 157 million. The Management Board henceforth expects Funds From Operations to stand within the range of EUR 143 million to EUR 150 million for the current fiscal year.

The Management Board attributes the lower expectation for Funds From Operations to several reasons but mainly due to the sale of real estate properties, as well as to the expectation of a reduced dividend in respect of the shares TLG IMMOBILIEN AG holds in Aroundtown SA.

Contact:
Armin Heidenreich
TLG IMMOBILIEN AG
General Counsel
Hausvogteiplatz 12
10117 Berlin
Phone: +49 30 2470 6343
E-Mail: armin.heidenreich@tlg.de

25-Nov-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

TLG IMMOBILIEN AG

Hausvogteiplatz 12

10117 Berlin

Germany

Phone:

030 - 2470 - 50

Fax:

030 - 2470 - 7337

E-mail:

ir@tlg.de

Internet:

www.tlg.de

ISIN:

DE000A12B8Z4

WKN:

A12B8Z

Listed:

Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Stuttgart, Tradegate Exchange

EQS News ID:

1150668


 

End of Announcement

DGAP News Service

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